How the Mortgage Loan Process Works

There's a lot to do in oder to get a mortgage loan. You wouldn't be here on our website if you could complete a one-page mortgage application and receive the best loan check cut the same day. We do the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.

Getting a home loan involves four major milestones.

Step one: Decide how much you can afford

This is a function of a couple things. What kind of monthly payment are you looking for? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? You can get a good idea of your preferred payment abount using the calculators on our website. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.

Step two: complete a pre-qualification

This is where 1st Credential Mortgage Inc will begin to save you money. You will give us info on your current job, your assets, and residence history. You'll give us information on your employment, asset, and residence history. We get your permission to pull your credit score and report. After we have reviewed this info we provide a letter of pre-qualification. Handle it with care — it can be a useful tool when you make your offer! Your agent will likely use your pre-qual (as they may call it) to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're picking out the home that's right for you, we're busy researching the loan program that's right for your situation.

Step three: apply now! We make it easy

Once you have signed an offer and the sellers have accepted, you should apply for the loan. Applying for a loan couldn't get much easier; you can apply right here on our site. Finally, we will order an appraisal of your new home.

Step four: your loan is funded

The real estate agents will find a title company to handle the "funding" of the loan and closing of the sale. We'll coordinate with this company to make sure all the papers your lender will require are avaiailable, and you'll probably}likely sign everything at this company's officeWe coordinate with this company to set your closing date. Since you will not have to worry with this coordination, you get to concentrate on the move, paint colors, carpet, and the fun parts of moving into your new house.

You've answered some few questions, provided lots of information, applied online, and the next thing you know, you are moving in! We take care of the mortgage legwork so you can focus on finding your new home.

Have questions about the loan process? Call 1st Credential Mortgage Inc at (281) 778-0805. We answer questions about the loan process every day.

Basic Pre-Approval

Get the Best Mortgage Rate! Tell us a little about your current needs and we can use that information to match you with just the right loan.

Tell us about your loan needs.
How can we get in touch with you?
Tell us about your credit history.